Metal scrap
Sims Metal Management with huge loss
| The companies' revenue for the fiscal year 2016 was 26.3 per cent below 2015. EBIT was minus 215,5 AUD.
World steel production increases slightly
| World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 133.7 million tonnes (Mt) in July 2016, 1.4% up on July 2015.
The ferrous market is still waiting for an upturn
| The ferrous metals industry seems to have hit rock bottom – this is something most experts agree on. But there is still no coherent tendency as to where the markets are heading. The current BIR report provides an overview of the different regions.
US steel scrap exports down significantly in June
| Data by the US International Trade Commission shows that the nation's steel scrap exports decreased significantly June.
UK Recycling facts & figures
| Uk-based Forge Skip Hirehas put together a graphic, showing how far the UK has come in the years as a recycling nation, and also a handful of bitesize facts that helps put things into perspective.
Mahindra Intertrade, MSTC sign JV agreement to set up India’s first auto-shredding/recycling unit
| India's Mahindra Intertrade Ltd. and metal scrap trading firm MSTC have entered into a joint venture agreement to set up the nation's first greenfield auto-shredding and recycling unit. The first plant under this joint venture will be established in Maharashtra or Gujarat. Mahindra Intertrade hopes to set up various plants under the JV.
Japan’s finance ministry releases waste and scrap import data for June 2016
| Japan's Ministry of Finance has issued the nation's waste and scrap import statistics for June 2016.
African Marine Waste Network project launched in South Africa’s Port
| The new African Marine Waste Network project was officially launched at South Campus in South Africa's Port Elizabeth city by the Sustainable Seas Trust. The Nelson Mandela Metropolitan University hosted the launch. The project is part of a United Nations drive to address marine waste at a Pan-African level.
Eurofer welcomes raw materials case against China at WTO
| The US has launched a trade enforcement action against China at the WTO concerning China’s export duties on several different raw materials. The EU intervened in this WTO challenge, a move that has been welcomed by the European Steel Association (EUROFER).
Not much changes in crude world steel production
| World crude steel production for the 66 countries reporting to the World Steel Association (Worldsteel) was 136 million tonnes (Mt) in June 2016, the same figure as June 2015.
Chinese overcapacities affect more than just steel
| The European Commission is considering a deal for the steel sector in exchange for granting China the coveted Market Economy Status (MES). According to European Aluminium, this approach ignores the enormous Chinese overcapacities in industries like aluminium and creates unfair distortions on the EU market.
All-time high for steel packaging recycling in Europe
| Recycling of steel packaging in Europe has reached a new all-time high of 76%, announces APEAL, the Association of European Producers of Steel for Packaging.
Alba wants to continue succesful development
| Alba SE, publicly quoted subsidiary of Alba Group, was back in profit in 2015 and expects to sustain the positive trend in the current financial year.
Strong safety advice for shredder operators
| Vehicle airbags constituted “a big issue for the shredder industry to worry about” and merited further scrutiny from the safety perspective, contended BIR Shredder Committee board member George Adams Jr of US-based SA Recycling. “All of us need to be really careful when handling airbags,” he insisted.
